Depending on what source you use, U.S. Federal Government has spent somewhere to the tune of 5 Trillion (I know...Much more than that is actual spending) in response to covid. This comes out to $15k per man/women/child...My guess is actual spending will be twice that.

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LINK

I know that this has been spoken about many times...But we are finally starting to see beginnings of inflation and just getting a little taste of pain. How painful do you realistically think it will get? What are people putting their cash in to protect against the dollar falling apart?

This post was edited on 1/6/22 at 11:42 am

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Posted by idlewatcher

County Jail

Member since Jan 2012

79209 posts

Posted on 1/6/22 at 11:43 am to dallaslsufan

quote:
This comes out to $15k per man/women/child

Earmarked for the paranoid who get tested 4 times a day.

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Posted by LB84

Member since May 2016

3355 posts

Posted on 1/6/22 at 11:47 am to dallaslsufan

quote:
$15k per man/women/child

I'm not receiving my fair share. Thought dems were all about equality? I've worked through this entire thing and still paying taxes and shite. Only got a couple of measly stim checks.

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Posted by ColoradoTiger1987

Tampa

Member since Jan 2019

1613 posts

Posted on 1/6/22 at 11:51 am to dallaslsufan

quote:
Depending on what source you use, U.S. Federal Government has spent somewhere to the tune of 5 Trillion (I know...Much more than that is actual spending) in response to covid.

A fraction of that was actually spent on Covid. If you read into what the money was allocated to, it’s for a ton of shite not even related to Covid.

quote:
I know that this has been spoken about many times...But we are finally starting to see beginnings of inflation and just getting a little taste of pain.

The fed increasing interest rates will help ease the inflation, but we will see a major correction in home values and the market.

quote:
What are people putting their cash in to protect against the dollar falling apart?

I have been doing research and am really starting to see that Crypto might be the only thing immune. It is a big risk, high reward deal.

I would pull out or heavily reallocate your portfolios to have minimal stocks.

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Posted by David_DJS

Member since Aug 2005

17916 posts

Posted on 1/6/22 at 12:04 pm to dallaslsufan

When the Left's talking point about not treating the unvaxxed was posted all over this board, I offered to sign onto that if they cut me a check for my share of all the Covid BS spending. At the time, adding it all up, I believe it actually came out to something in the neighborhood of $50K.

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Posted by fjlee90

Baton Rouge

Member since Nov 2016

7838 posts

Posted on 1/6/22 at 12:05 pm to dallaslsufan

I’ll take a $15,000 check for my troubles. I’ll opt out of anything Covid related the government is doing.

I’ll invest that, take my 6% YOY, and be a happy man. Unless of course inflation continues as is then I’ll need to target 12%.

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Posted by dallaslsufan

Dallas

Member since Sep 2004

400 posts

Posted on 1/6/22 at 9:07 pm to fjlee90

I guess the only positive is the rest of the world is in no better shape.

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Posted by Privateer 2007